STAR Financial Bank Makes New $2.92 Million Investment in iShares Select Dividend ETF (NASDAQ:DVY)

STAR Financial Bank purchased a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 21,592 shares of the company’s stock, valued at approximately $2,916,000. iShares Select Dividend ETF makes up 2.0% of STAR Financial Bank’s investment portfolio, making the stock its 10th largest position.

Several other institutional investors have also recently made changes to their positions in the company. Addison Advisors LLC boosted its position in iShares Select Dividend ETF by 107.1% during the second quarter. Addison Advisors LLC now owns 232 shares of the company’s stock valued at $28,000 after purchasing an additional 120 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in iShares Select Dividend ETF during the second quarter valued at about $30,000. ORG Partners LLC bought a new stake in iShares Select Dividend ETF during the second quarter valued at about $32,000. Family Firm Inc. bought a new stake in iShares Select Dividend ETF during the second quarter valued at about $36,000. Finally, ORG Wealth Partners LLC bought a new stake in iShares Select Dividend ETF during the third quarter valued at about $36,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of DVY stock opened at $139.00 on Thursday. iShares Select Dividend ETF has a 1-year low of $109.42 and a 1-year high of $139.90. The stock’s 50-day moving average is $135.40 and its 200 day moving average is $128.99. The company has a market cap of $20.71 billion, a P/E ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, September 30th. Shareholders of record on Wednesday, September 25th were issued a $1.5496 dividend. The ex-dividend date of this dividend was Wednesday, September 25th.

iShares Select Dividend ETF Company Profile

iShares Select Dividend ETF, formerly iShares Dow Jones Select Dividend Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Dividend Index (the Index). The Index measures the performance of a selected group of equity securities issued by companies that have provided relatively high dividend yields on a consistent basis over time.